Physicians Financial Services Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,997 shares of the company’s stock after acquiring an additional 100 shares during the quarter. PepsiCo makes up approximately 1.6% of Physicians Financial Services Inc.’s holdings, making the stock its 19th biggest holding. Physicians Financial Services Inc.’s holdings in PepsiCo were worth $3,828,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of PEP. Moneta Group Investment Advisors LLC increased its stake in shares of PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after buying an additional 42,831,405 shares during the last quarter. Norges Bank bought a new stake in shares of PepsiCo during the 4th quarter worth about $2,519,707,000. Price T Rowe Associates Inc. MD increased its stake in shares of PepsiCo by 98.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,180,327 shares of the company’s stock worth $2,220,475,000 after purchasing an additional 6,045,912 shares during the period. Morgan Stanley lifted its stake in shares of PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after buying an additional 4,629,947 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in PepsiCo by 131.2% in the first quarter. Envestnet Asset Management Inc. now owns 4,827,707 shares of the company’s stock valued at $395,464,000 after acquiring an additional 2,739,211 shares during the period. Institutional investors and hedge funds own 71.40% of the company’s stock.
PepsiCo Price Performance
Shares of PEP stock opened at $178.27 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a twelve month low of $160.98 and a twelve month high of $196.88. The company has a market cap of $245.40 billion, a P/E ratio of 31.22, a P/E/G ratio of 2.90 and a beta of 0.54. The business has a fifty day simple moving average of $182.98 and a 200 day simple moving average of $184.63.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, August 31st. PepsiCo’s dividend payout ratio (DPR) is presently 88.62%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on PEP shares. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 target price for the company. in a research report on Monday, July 17th. Royal Bank of Canada lifted their target price on shares of PepsiCo from $178.00 to $180.00 in a research note on Friday, July 14th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $193.00 to $195.00 in a research note on Friday, July 14th. Finally, Wedbush raised their price objective on PepsiCo from $200.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $192.00.
PepsiCo Company Profile
PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
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